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by Tyler Durden
Wednesday, Apr 14, 2021 - 12:00 PM
Earlier this week, St Louis Fed President James Bullard made a big tactical mistake when he converted the Fed s open-ended guidance into event-based, when he told Bloomberg TV that getting 75% of Americans vaccinated would be a signal that the Covid-19 crisis was ending, a necessary condition for the central bank to consider tapering its bond-buying program. We want to stay with our very easy monetary policy while we are still in the pandemic tunnel,” Bullard told Bloomberg TV. If we get to the end of the tunnel, it will be time to start assessing where we want to go next.